LSE

Trading in new shares before they’re officially admitted to the exchange, on the condition that admission goes ahead.

A set of standards which investors use to present their investment results.

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

A mathematical test used to determine whether a claim is true or false.

A startup valued at over £1 billion. They are rare, hence the name.

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

The concept that money you have now is more valuable than the same sum in the future.

Unique to the UK, these funds pool together money to invest from multiple investors.

The amount of money generated by an asset during the time that it was held by an investor..